Is the New NS&I Investment Bond for 2017 a Best Buy?

Looking for somewhere new to put your money? National Savings & Investments (NS&I), the government-owned bank, has launched a new bond paying 2.2% interest on a maximum of £3,000 over a three-year term.

Is the NS&I Bond a Market Leader?

However, the Atom product is only available via an app, so might not be for you. Other than that, the NS&I bond rate, at the time of writing, does beat that of many other bonds available, albeit only marginally.

Commentators have pointed out that the NS&I bond is beaten by rates offered by some bank accounts. Tesco, for example, has a current account offering a guaranteed 3% on balances up to £3,000 until 1 April 2019.

What’s more, some of the other bonds allow you to put more in than the maximum allowed in the NS&I bond – £3,000. So while these other bonds may pay less interest, you will get that interest on a larger amount of money.

Please note: The information provided on this site does not constitute financial advice. The value of investments can go down as well as up and your capital may be at risk. Always speak to a qualified independent financial advisor if you require advice.

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